4. Change is
hard because people
overestimate the value of what
they have—and underestimate the
value of what they may gain by
giving that up.
James Belasco and Ralph Stayer
Flight of the Buffalo
5. _table of contents
1. Foreword by Jay Papasan
2. Introduction: Why Social Media Matters
3. Your Brand and Online Image
4. Growing Your Online Audience – Friends, Followers, and Connections
5. Social Media and Your Sphere – Working Your Mets
6. Adver tising and Lead Generation on Social Networks – Working Your Haven’t Mets
7. Effective Blogging: Writing Content that Ranks and Gets Read
8. Social Media and Lead Conversion
When Gary, Dave, and I began writing SHIFT in the summer
of 2007, Craigslist was already an institution, Facebook had just
topped 50 million users, and MySpace had displaced Friendster
as king of the social networking landscape. People were paying
attention, but no one knew exactly what to make of this emerging
phenomenon. Blogging was catching on, but REALTORS® seemed
to be doing more browsing than posting.
By the time SHIFT was published in August of 2008, more than
100 million Facebook users were regularly struggling to generate
clever status updates three times a day and social networking had
officially crested the horizon in the real estate industry. Blogging
was going mainstream in-between the two coasts and more than a
million postlets plastered Craigslist and the Web with homes for
Over the next twelve months, the deafening buzz around social
media became impossible to ignore. Facebook tripled in size
to more than 300 million active users, LinkedIn grew from 15
to 40 million users and Twitter exploded on to the scene with
A-list Hollywood actors battling pro athletes and even the U.S.
president for Twitter-follower-supremacy. During that same period,
ActiveRain, the most active social network in the real estate
industry, grew to more than 165,000 active blogs. Still, it took many
internet, take two
Social networking, as a concept, is older than you might think.
Sociologist A.J. Barnes actually coined “social networks” back in
1954 and helped jump-start a whole new way of looking at social
connections. Lab coat types began mapping personal connections in
all kinds of communities from business units to battle groups, from
board members to congressional donors. These social diagrams,
or “sociograms,” dot the covers of social marketing books and
websites and have become emblematic of connectedness in general.
About a decade later, Dr. Stanley Milgram conducted his celebrated
“small world experiment” that birthed the idea of “six degrees of
separation” for the social sciences (and, just as importantly, birthed
the six degrees of Kevin Bacon for a generation of techies).
7. In the 1990s anthropologist Robin Dunbar conceived the “rule of
150,” the idea that our ability to manage a social network tops out
at about 150 relationships. Epidemiologists ate this stuff up; they
had a vested interest in knowing how real world viruses spread
through human interactions. But other than the Kevin Bacon game,
the idea of social networking was far from mainstream.
Credit Malcolm Gladwell and his excellent read The Tipping
Point, for bringing some of these ideas back into the mainstream
spotlight. Gladwell built on all these ideas to hypothesize how ideas
sometimes took on the qualities of an epidemic. Done right, social
networks harnessed all these concepts and, empowered by Internet
technology, could disseminate all things digital in the blink of an
eye. Around 2004, tech guru Tim O’Reilly would popularize the
concept of “Web 2.0,” a moniker that has come to describe some
of the most successful Internet businesses that rose from the
ashes of the 2001 dot-com bust. Web 2.0 is social networking
and social networking is about connections, conversations, and
Done right, social
Now, Dunbar’s idea that we might network with no more than
150 individuals seems a little antiquated. Web 2.0 tools like networks harnessed
Twitter and Facebook put us in direct or indirect relationship all these concepts and,
with more than 55 million social networkers in the United empowered by Internet
States alone. When your mom sends you a friend request, you
can no longer deny that social media has arrived. But what does
all this mean for real estate professionals? disseminate all things
digital in the blink of an
While the ideas we share in the Internet lead conversion eye.
chapter of SHIFT, “Tactic 6: Catch People in Your Web,”
remain valid, they simply don’t address all the opportunities
and challenges of attracting and converting leads with social
media. That’s why we reached out to Ben Kinney and the
good folks at ActiveRain to create this ebook. Ben Kinney is
recognized across the United States and Canada as a tech leader in
real estate. He’s also a brass tacks, serious real estate professional
whose Bellingham, Washington based business, Home4Investment
Real Estate Team, closed more than 150 transactions in 2009.
ActiveRain founder Jonathan Washburn is a former real estate
agent himself and, with more than 165,000 real estate blogs on the
Active Rain platform, he has a uniquely informed perspective on
the impact of social networking on real estate.
8. shift into social networking
Social networking impacts the lead conversion models in SHIFT on
every level. It provides new channels for buyers and sellers to find
you and your real estate business online, as well as new strategies
for making offers and capturing and converting leads. And best of
all, social networking tools provide inexpensive and effective ways
to keep the conversation going over time for repeat and referral
business. In short, social networks bring the world to you and you
to the world. It’s never been easier to connect with new customers
and build relationships with them long past the closing table.
The Path of the Consumer on the Internet 2.0 (Figure 1) illustrates
some of these changes. If you compare this to the original model,
which appears on page 119 of SHIFT, you’ll note that we’ve added
Media Sharing Tools, Networking Sites, Micro-Blogging Sites, and
9. Blogs as proven tools for driving traffic to your website. Ben will
provide tactical details on how these fit into your lead generation
and conversion strategies in the pages ahead. For now, let’s make
sure we’re speaking the same language.
tools to increase web traffic
1) Media Sharing Tools – Sites such as YouTube and Flickr empower you to cheaply and
easily share multimedia content throughout your Internet world. If a picture is worth a
thousand words, what’s the going rate for a YouTube video testimonial?
2) Networking Sites – Sites like LinkedIn and Facebook provide an information-rich
platform for connecting with potential buyers and sellers. You can discover who attended
school at your alma mater and tell them how cute their babies are too.
3) Micro-Blogging Sites – Sites like Twitter can be perplexing at first, but micro-blogging
sites provide massive platforms for reaching an unlimited audience. William Shakespeare
famously wrote that “brevity is the soul of wit.” With posts limited to 140 characters or
less, micro-blogs bring out the Shakespeare in all of us.
4) Blogs – Whether you use a mainstream blog tool like Blogger or WordPress or a real
estate-centric one like Top Producer or ActiveRain, blogs allow anyone with something
to say a fuss-free way to professionally and stylishly publish their thoughts to the Web.
If you ever wrestled with HTML code or paid some college kid to do it for you, you
understand how miraculous these publishing engines truly are.
These are the four new players in your real estate Internet business
model. But the basic rules haven’t changed. A shifted market and
a scarcity of business will continue to tug at your pocketbook and
test your willpower. You must still hold each minute invested
or dollar spent to a positive cash return. Nothing escapes your
scrutiny. If your Internet strategy is yielding anything short of
appointments to do business with motivated buyers and sellers, it’s
time to address that today. The proven tactics in this ebook can
guide you. It’s time to shift into social networking.
Jay Papasan Would you be interested
Coauthor of SHIFT: How Top Real Estate Agents Tackle Tough Times in a print version
January 2010 of SOCI@L? Email
and let us know!